Stock Scan For Multiple Moving Average Crosses

This moving average crossover scan allows investors to search for specific moving average crossovers.
Moving average crossovers are one of the most reliable and most often used technical analysis tools as they identify
potential bullish and bearish trend reversals. This scan allows investors to choose between a simple moving average (SMA)
and an exponential moving average (EMA). Other filters that can be used are exchange, price and volume filters.
For more information on moving averages as well as how to best use this scan, we encourage investors to read the
[What is this ] page.

AllPennyStocks.com Pro recommends that intermediate & advanced members only use the stock scan / screeners feature, since it requires the member to make the final decision on whether or not a particular stock is a good buy. This section merely points out possible buying opportunities, and not every stock that is a favorable result as a result of a particular scan will turn into a good investment.

The stock scans / screeners find many great investment candidates, but it requires some technical and stock picking experience to actually pinpoint which stock will perform the best.

What is a moving average crossover scan?

This Relative Strength Index (RSI) stock scan allows investors to search for specific stocks that have recently had the RSI technical indicator break through various different oversold and overbought levels. The RSI technical indicator compares the extent of a stock's recent gains to the extent of its recent losses and converts that information into a number that ranges from 0 - 100. Technical stock traders suggested using 70 and 30 as the overbought and oversold levels respectively. The 50 level is considered the mid-way point and readings below 50 generally are bearish while readings above 50 are generally seen as bullish for a particular stock. Outside of the ability to pick which RSI filter you prefer, investors are also able to filter results by exchange, price and volume.

More information on RSI:

The RSI technical indicator compares the extent of a stock's recent gains to the extent of its recent losses and converts that information into a number that ranges from 0 - 100. The RSI takes a single parameter, the number of time periods to use in the calculation. Most traders, including the RSI calculations founder, J. Welles Wilder, recommend using 14 periods as a standard parameter for optimal calculations.

Wilder suggested using 70 and 30 as the overbought and oversold levels respectively. In general, if the RSI rises above 30 on the scale, it is considered a bullish signal for the stock in question. On the other hand, if the RSI falls below 70 on the scale, it is considered a bearish signal. Some traders spot the long-term trend and then use extreme readings as possible entry points. If the long-term trend is bullish, then oversold readings could signal potential entry levels.

Buy and sell signals can also be found by looking for positive and negative divergences between the RSI and the stock in question. As an example, investors could consider a falling stock whose RSI rises from a low point of (for example) 20 back up to say, 55. Because of how the RSI is constructed, the underlying stock will often reverse its direction shortly after such a divergence. As in the above example, divergences that happen after an overbought or oversold reading frequently provide more reliable signals.

The centerline for the RSI is 50 on the scale. Readings above and below can give the indicator a bullish or bearish angle. Overall, a reading above 50 indicates that average gains are higher than average losses and a reading under 50 indicates that losses are higher than gains. Traders in general look for a move above 50 to confirm a bullish signal or a move below 50 to confirm a bearish signal.

Any questions can be directed to general@allpennystocks.com. We hope you enjoy this scan and also be sure to take a look at all the other AllPennyStocks.com Pro Scans available daily to AllPennyStocks.com Pro members and one day a week to regular AllPennyStocks.com visitors.

Disclaimer

By clicking on the "Start Viewing AllPennyStocks.com Pro Articles" button below, you are confirming that you
understand and accept that the content we are showing you is not meant to be used as financial advice. This
content is merely for educational purposes and shows our readers real-time examples of trading strategies
based on technical and fundamental analysis principles, along with stock market commentary.

Investing in stocks is risky stuff, trust us on that one, and past performance may not be indicative of future
performance.

We want everyone to enjoy this information for its educational value, and we remind
everyone that we are not liable for losses or damages of any kind from trading based on our information. The
only thing we will recommend is to consult with a financial advisor prior to making any trades.

With that said, if we're on the same page here and you agree to our disclaimer, click the button below and
enjoy all of our AllPennyStocks.com Pro content.